Amedisys’ (AMED) “Buy” Rating Reiterated at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Amedisys Inc (NASDAQ:AMED) in a research report sent to investors on Friday morning. Oppenheimer Holdings, Inc. currently has a $60.00 target price on the health services provider’s stock.
A number of other analysts have also recently commented on AMED. BidaskClub cut shares of Amedisys from a hold rating to a sell rating in a research note on Saturday, August 5th. Bank of America Corporation assumed coverage on shares of Amedisys in a research note on Monday, August 21st. They issued a neutral rating and a $55.00 price target for the company. Royal Bank Of Canada reiterated a hold rating and issued a $56.00 price target on shares of Amedisys in a research note on Monday, June 5th. Finally, Mizuho cut shares of Amedisys from a buy rating to a neutral rating and set a $50.00 price target for the company. in a research note on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $56.44.
Amedisys (NASDAQ:AMED) opened at 51.90 on Friday. The company has a market cap of $1.76 billion, a P/E ratio of 44.36 and a beta of 0.84. Amedisys has a one year low of $34.58 and a one year high of $65.91. The company has a 50-day moving average of $50.17 and a 200 day moving average of $54.94.
Amedisys (NASDAQ:AMED) last announced its earnings results on Wednesday, July 26th. The health services provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.12. Amedisys had a net margin of 2.70% and a return on equity of 13.71%. The business had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $380.80 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Amedisys will post $2.21 EPS for the current year.
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In other news, insider David B. Pearce sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. Following the completion of the sale, the insider now owns 10,488 shares in the company, valued at approximately $524,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce D. Perkins bought 2,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $46.60 per share, with a total value of $93,200.00. Following the purchase, the director now owns 15,825 shares in the company, valued at approximately $737,445. The disclosure for this purchase can be found here. Company insiders own 2.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Amedisys during the 2nd quarter worth about $591,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Amedisys during the 2nd quarter worth about $380,000. Castleark Management LLC acquired a new stake in shares of Amedisys during the 2nd quarter worth about $3,674,000. The Manufacturers Life Insurance Company lifted its stake in shares of Amedisys by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,348 shares of the health services provider’s stock worth $1,404,000 after buying an additional 410 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Amedisys by 3.9% during the 2nd quarter. State Street Corp now owns 723,786 shares of the health services provider’s stock worth $45,461,000 after buying an additional 26,888 shares during the last quarter. Institutional investors own 96.55% of the company’s stock.
Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.
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